The #1 Reason Stores Fail (And How to Make Sure Yours Doesn’t)

Running a retail store isn’t just about selling, it’s about managing your business effectively. Many passionate store owners, like Ali in our latest podcast episode of The Richer Retailer podcast, find themselves struggling with financial management, taxes, and tracking expenses. Sound familiar? The good news? You can take control and set yourself up for long-term success. Listen to this episode: … Read More

My team is making me crazy…

Dear Cathy, Do you allow other employees to do markdowns (or be in charge of them and make them)? How do you handle delegating that job (one specific employee)? Also, is it okay (wise, smart…..not sure of the right word to use here) to make a rule that NO MARKDOWNS are to be taken without my approval? Any reason this … Read More

Caps for Sale. How Many Do You Wear?

Do you remember the kid’s book “Caps For Sale”?  It is about the peddler who wears all these hats and sells them.  It is what I think about when I give a speech. Every time I am giving a speech to retailers, I mention about how we retailers wear so many hats. We are chief salespeople, head buyers, advertising and … Read More

My staff is making me crazy…

A Q&A for Today! Dear Cathy, Do you allow other employees to do markdowns (or be in charge of them and make them)?  How do you handle delegating that job (one specific employee)? Also, is it okay (wise, smart…..not sure of the right word to use here) to make a rule that NO MARKDOWNS are to be taken without my … Read More